Answer :
Final answer:
Among the given options, in scenario (c) Ted 40%, Ted's Wife 5%, Ted's Cousin 55%, Ted would have less than 50% ownership in the partnership as his cousin's share doesn't contribute to his total ownership in the partnership.
Explanation:
The question is asking about ownership percentages in a partnership, specifically T, F, & J Partnership. The scenarios presented involve Ted along with his wife, son, brother, dad's estate, and cousin. The scenario that would NOT total more than 50% ownership for Ted is the scenario (c): Ted 40%, Ted's Wife 5%, and Ted's Cousin 55%. In this particular condition, the combination of ownership for Ted, his wife, and his cousin would indeed give Ted a significant percentage, but his cousin's percentage will not contribute to his overall percentage. Therefore, Ted's total ownership remains at 45%, which is less than half of the partnership.
Learn more about Ownership in Partnerships here:
https://brainly.com/question/36145707
#SPJ11